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Export-Import Bank Reauthorization

July 3, 2014

WASHINGTON, D.C.—  In 2013, the Export-import Bank (Ex-Im) helped 3,800 companies export more than $37 billion in export sales, which supported more than 205,000 American jobs. Over 90 percent of Ex-Im transactions directly benefit small businesses and suppliers across all fifty states.  Ex-Im also provides access to capital to small businesses in rural areas that may lack established financial centers, and as a “lender of last resort,” Ex-Im is well positioned to fill market gaps left by private sector lenders.

However, Ex-Im is scheduled to expire in September, 2014.  SIDO is engaged with its federal partners to help get Ex-Im reauthorized. Please click here to read SIDO’s letter to Congress on the importance of Ex-Im reauthorization.